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1435 Brickell Ave, Miami, F...

Millennium Partners Leases 8000 Square Feet At 1435 Brickell Ave With Gordon Messinger As Landlord's Rep
LEASEDOffice

Millennium Partners Leases 8000 Square Feet At 1435 Brickell Ave With Gordon Messinger As Landlord's Rep

1435 Brickell Ave, Miami, FL, 33131

Building Size

8,000 SF

Asset Type

Office

Closing

Aug 18, 2022

AI

The lease transaction involves an 8,000 square feet property located at 1435 Brickell Ave, Miami, FL, 33131, within the Miami market. The landlord for this property is Millennium Partners, who oversees the leasing arrangement.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not disclosed
  • Address: 1435 Brickell Ave, Miami, FL, 33131
  • Market: Miami
  • Landlord: Millennium Partners
  • Landlord's Representative: Gordon Messinger-CBRE
  • Square Feet: 8,000

Gordon Messinger from CBRE represents Millennium Partners in this leasing transaction, facilitating the agreement on their behalf.

Players

Gordon Messinger

CBRE

Broker

$164M

vol

33 deals

Broker
MP
Millennium PartnersLandlord

Miami Office Market Snapshot

Boundary boundary · Office · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93